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Question
Pick out the correct statement.
Options:
A .  Difference between income and expense is termed as gross revenue
B .  Unamortised cost is the difference between the original cost of a property and all the depreciation charges made to date
C .  Sum-of-the-years-digits methods of depreciation calculation accounts for the interest on the investment
D .  Scrap value is the net amount of money obtainable from the sale of used property over and above any charges involved in its removal & sale
Answer: Option B
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